INTERCOUNTY TRUCK AND VAN LIMITED
Company Information
- Company Number
- 04573637
- Registered Address
- C/O Ballyvesey Holdings, Limited Stewarts Rd Finedon, Road Industrial Estate, Wellingborough, NN8 4TR
- Status
- Active
- Employee Count
- 290
- Turnover
- £93,230,000
- EBITDA
- -£1,095,000
Additional Details
- Website
- https://intercounty.org.uk/
- Company Type
- Private limited Company
- Incorporated On
- 25 October 2002
- Nature of Business
- 45190 - Sale of other motor vehicles
- Industries
- Road Travel
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time for INTERCOUNTY TRUCK AND VAN LIMITED to pay invoices to suppliers has decreased over the past three periods, with a decrease of 4% from the first to the third period. The percentage of invoices paid within 30 days has also increased by 7%, while the percentage of invoices paid later than 60 days has decreased by 9%. This trend shows an improvement in the company's payment process and a focus on earlier payment of invoices.
Volatility Analysis
The volatility in INTERCOUNTY TRUCK AND VAN LIMITED's payment process can be seen in the significant changes in the percentages of invoices paid within different time frames. The biggest change was a 13% increase in the percentage of invoices paid between 31 and 60 days, while the biggest decrease was a 7% decrease in the percentage of invoices paid later than 60 days. This volatility suggests that the company may need to work on consistency in their payment process.
Summary Analysis
From the data, it can be seen that INTERCOUNTY TRUCK AND VAN LIMITED has been consistently paying invoices within 60 days, with an average time to pay of 37 days. The company has shown improvement in their payment process over the past three periods, with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, there is still room for improvement in terms of consistency, as seen in the volatility analysis.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 41 | 36% | 44% | 20% | 23% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Terms agreed vary considerably depending on the nature of the supply. We would normally pay at the end of the month following the month the invoice is dated.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
120
Dispute Resolution Process
All invoices go to our central accounts department and are logged onto our accounts system before distribution for authorisation. Disputes will be logged on the system by the managers authorising the invoices. Resolution will be handled by those managers but controlled and monitored by the accounts department.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
INTERCOUNTY TRUCK AND VAN LIMITED is a leading commercial vehicle dealership based in the UK. They specialize in selling new and used trucks and vans from top brands such as Mercedes-Benz, Fuso, and Mitsubishi. The company also offers a range of services including vehicle maintenance, repairs, and financing options.
As part of their commitment to sustainability, INTERCOUNTY TRUCK AND VAN LIMITED has implemented various initiatives to reduce their environmental impact. This includes using energy-efficient lighting and recycling materials in their operations. They also offer customers the option of purchasing eco-friendly vehicles, such as electric and hybrid models.
The company is led by a team of experienced and knowledgeable individuals, including Managing Director, James Mellor. With over 25 years of experience in the industry, James is dedicated to providing customers with high-quality products and services.
INTERCOUNTY TRUCK AND VAN LIMITED can be contacted through their website, which features a comprehensive range of vehicles and services. Their registered office is located in Wellingborough, Northamptonshire, making it easily accessible for customers in the surrounding areas.
In summary, INTERCOUNTY TRUCK AND VAN LIMITED is a reputable and sustainable commercial vehicle dealership offering a wide range of products and services. With their commitment to environmentally-friendly practices and experienced team, they continue to be a top choice for customers in the UK.
